Quiz Asuransi

What is the main purpose of insurance?

• Increase wealth

• Transfer financial risk

• Reduce the risk of insurance companies

Which type of insurance provides protection against medical costs?

• Life insurance

• Health insurance

• Home insurance

What is the term for the amount paid by the policyholder periodically to maintain insurance coverage?

• Deductible

• Premium

• Co-pay

Which of the following is generally not covered by standard home insurance?

• Damage due to fire

• Damage due to flood (unless added)

• Theft

How does insurance help manage risk for individuals and businesses?

• By eliminating all risks

• By sharing the financial burden of risk

• By increasing the amount of risk faced by individuals

Which type of life insurance provides coverage for a specific term and does not build cash value?

• Whole life insurance

• Term life insurance

• Universal life insurance

Which type of insurance protects individuals or businesses from legal liabilities?

• Life insurance

• Liability insurance

• Health insurance

What is the term for the amount that must be paid by the policyholder before insurance provides benefits?

• Premium

• Co-payment

• Deductible

Which of the following is usually covered by home insurance?

• Damage due to earthquake

• Theft of personal belongings

• Damage due to flood

What is the term for a formal request from the policyholder to receive payment or benefits from an insurance policy?

• Policy renewal

• Claim

• Premium payment